FiscalPolicy Archives - Universal Group Of Institutions

06Dec 2024

UGI USER
Development EquitableGrowth FinanceCommission FiscalPolicy IndianEconomy PublicFinance RevenueDistribution States
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States and the Finance Commission: Balancing Equity and Growth

Syllabus: GS-2: Centre-State Relations, Indian Constitution , Co-operative Federalism , Constitutional Bodies. Focus: The Sixteenth Finance Commission, chaired by Arvind Panagariya, is addressing fiscal challenges in India, focusing on equitable resource distribution between States and the Union. Its recommendations will impact the financial autonomy of States like Tamil Nadu and influence the country’s economic trajectory. …

27Sep 2024

UGI USER
CessImpact ExcessiveCess FiscalPolicy IndianEconomy IndianStates IndiaTaxSystem RevenueShare StateDevelopment StateFinances
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Excessive Cess Usage Reduces States’ Revenue Share

Why in the news? The Union government’s increasing use of cess, reducing the share of divisible taxes to states, has sparked concerns over federalism and financial fairness for state governments. Cess as a Tool to Centralise Revenue: Cess is a specific tax imposed for a designated purpose but not shared with state governments. The Modi …

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States and the Finance Commission: Balancing Equity and Growth

Excessive Cess Usage Reduces States’ Revenue Share